Faller Packaging agrees to acquire Greece’s Paperpack in European pharma packaging expansion
Germany’s Faller Packaging has agreed to acquire Greek pharmaceutical packaging specialist Paperpack. The transaction will expand Faller’s network in Greece and Southeast Europe, subject to customary regulatory approvals.
Faller adds a Greek platform to its European network
Germany’s Faller Packaging has agreed to acquire Paperpack, one of Greece’s leading pharmaceutical packaging companies, as it continues its strategic expansion across Europe. According to Mononews, both businesses specialize in innovative packaging solutions for the pharmaceutical and healthcare industries.
The transaction will combine Paperpack’s established position in Greece and Southeast Europe with Faller Packaging’s broader product portfolio and pan-European network. The companies said the combination would create additional growth opportunities and strengthen their ability to serve customers across Europe.
Southeast Europe becomes a larger part of Faller’s strategy
Faller Packaging described the acquisition as another important step in implementing its growth strategy. Chief executive Dagmar Schmidt said the deal would strengthen the group’s presence in Southeast Europe and increase its capacity to support customers across the wider region.
For Faller, the acquisition provides an operating platform in a pharmaceutical market that the company regards as attractive and growing. Paperpack contributes local customer relationships, regional market knowledge and an established position in Greece. Faller brings a wider European footprint, additional capabilities and a broader product portfolio.
The transaction therefore extends Faller’s geographic coverage without requiring it to build a Greek operation from the ground up. It also indicates that the company sees proximity to pharmaceutical and healthcare customers as an important part of its European expansion strategy.
Paperpack retains its customer and quality focus
Paperpack chief executive Dimitris Tsiftsis said joining the Faller Packaging Group would open a new chapter for the Greek company. He identified quality, reliability and long-term customer relationships as the foundations of Paperpack’s market position and said Faller shared the company’s values and long-term vision.
Paperpack expects the larger group’s capabilities, portfolio and European network to create more value for customers, provide new prospects for employees and accelerate its next phase of growth. The company said it would continue to build on its customer focus, flexibility, reliability and operational excellence.
Deal reflects specialization in pharmaceutical packaging
No purchase price, ownership structure or financial details were disclosed in the source material. The companies also did not announce changes to Paperpack’s management, workforce, production footprint or brand. Completion remains subject to customary approvals from the relevant authorities.
The acquisition points to further consolidation among specialized European packaging suppliers serving regulated industries. In pharmaceutical packaging, customers place particular weight on quality standards, reliability and durable supplier relationships. By adding an established regional specialist, Faller can broaden its customer reach while Paperpack gains access to a larger portfolio and network. The operational effect will depend on how the companies integrate their capabilities after regulatory clearance.
